What is the efficient number of students? If all colleges are private, how many people enroll in
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What is the efficient number of students? If all colleges are private, how many people enroll in college and what is the tuition?
The marginal cost is a constant $6,000 per student per year. The marginal external benefit of a college education is a constant $4,000 per student per year.
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In the image you sent the efficient number of students is reached at the point where the marginal co...View the full answer
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